Ok wait I heard about this thing too. The bitcoin halving... Is that the same thing as a fork or something? And in the bitcoin halving, basically the number of coins that people who mine the blockchain receive becomes half right?
A Bitcoin halving is an event that takes place every approximately 4 years(210,000 blocks) where the bitcoin being mined per block is cut in half. Before the last halving, 1800 BTC are being mined per day. And after the last halving, since it's literally been "halved", only 900 BTC are being mined per day right now.
And i've read that halvings correlate with intense boom and bust cycles that end with bigger prices. Why is that? And what effect does a bitcoin halving have on its price inflation?
Kinda. After halvings, since miners have to sell some of their mined bitcoin for them to be able to pay for the electricity their using, significantly less bitcoin are being sold on exchanges. Hence, having significantly less selling pressure. So after a while, again since far less bitcoin are being sold, this causes bitcoin to rise in price.
Going back to my apples example. The halving is pretty much the storm, which significantly reduces bitcoin(or apples) being created.